Institute of Supply Management Metrics (ISM)

FreightWaves Customer SuccessMacro Economic Indicators

What is it?

The ISM is an organization of supply chain professionals and conducts a monthly survey of purchasing managers in the manufacturing and service sectors. The ISM indexes are seasonally adjusted and reported such that the index value represents the percentage of respondents that say that activity is expanding for their business. Any value above 50 is a sign that that activity is expanding in the sector. In SONAR, the following ISM indexes are collected

PMI – manufacturing index
NMI – nonmanufacturing (service) index
MCIN – manufacturers customers inventories
MDEL – manufacturing supplier deliveries
MEMP – manufacturing employment
MEXP – manufacturing new export orders
MIMP – manufacturing imports
MINV – manufacturing inventories
MLOG – manufacturing backlog of orders
MNEW – manufacturing new orders
MPRI – manufacturing prices paid
MPRO – manufacturing production
NBUS – nonmanufacturing business activity
NDEL – nonmanufacturing supplier deliveries
NEMP – nonmanufacturing employment
NIMP – nonmanufacturing imports
NINS – nonmanufacturing inventory sentiment
NINV – nonmanufacturing inventories
NLOG – nonmanufacturing backlog of orders
NNEW – nonmanufacturing new orders
NPRI – nonmanufacturing prices paid

Who is interested?

Economists, analysts, carriers, specialized freight, and anyone concerned with the health of freight demand or the overall economy

What does it tell me?

The ISM data provides a more timely view of manufacturing and service sectors in the economy. It is among the first economic indicators released each month, and gives an advance look at some of the hard economic data like manufacturing production. Several of the components in the ISM data are forward-looking as well, as new orders and new export orders typically lead actual manufacturing and export activity by 1-2 months

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